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Crypto Regulations (United States (SEC indicated that it views ICO as…
Crypto Regulations
United States
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IMF
Said there is value, not the same level of trust from
KYC
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KYC at many institutions is tedious, redundant and subject to errors.
Advantages of using the blockchain: Immutable, transparent and easily accessible. Single source of data
KPMG is working with a group of banks in Singapore to develop a KYC utility solution on the blockchain
Not a perfect solutions, need to investigate further several topic but it is a start and should save money
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EU
Mario Draghi said that no sovereign state in the Union can introduce its own currency. Would undermine the monetary union
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Tokenization
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A building, sport license, video games, etc